Phupinder Gill's Keynote Speech on Futures Settlement
Xinlang finance
Phupinder Gill discussed risk management and how to run a successful futures exchange with you.
Phupinder Gill believes that there are several main reasons for the success of continuing medical education.
First of all, there must be correct, popular and reasonable products, which must be promoted in the market. We now have more than 80 products and more than 40,000 tools. In addition, innovation is also very important, which is the key to the success of Shanghai Stock Exchange. Just now, Ms. Wang emphasized that product innovation is an important part. In Chicago, we also attach great importance to innovation. There are many innovative gentlemen and ladies who have made stock index futures and made new financial derivatives. Various financial hedging products will be launched in the future, which will help the Chicago Stock Exchange to provide them continuously.
The second is customer service. If there is no good service to customers, there is no reason for the success of the exchange. I think the key reason is to build and maintain market confidence and the confidence of market participants. It is the confidence of our customers that they are willing and very active in their work that can make the Shanghai Stock Exchange a success. This is one of the services we provide to our customers in Chicago. We also provide trading and position management, as well as investment-related services and so on. I think all our services have improved the efficiency of market operation and actively managed the market. Obviously, risk management is the starting point and end result of all our work, and it is also an important reason for our success.
The third is risk management. When it comes to the policy of risk management, we also coordinate several objectives to achieve the differences between them, such as finding the crisis as soon as possible and constantly improving risks, while carefully protecting and developing our resources. Especially the resources to deal with the crisis, the value of the resources we are now using to deal with the crisis is as high as $4 billion, which is more than 10 billion compared with $2 billion two years ago. No matter what preparations we make, there will always be crises and storms. In crisis management, one thing cannot be overemphasized, and that is effective communication.
China is a young financial market with great potential. In recent years, the market in China has just started, but it has been very remarkable. Many speakers pointed out that there is still a long way to go to achieve success. Everyone has witnessed the development of China in the past few years, which will certainly help to cultivate good market information. For example, the Shanghai Futures Exchange is very successful.
In my opinion, risk management, high-quality market, good innovative products and solid market foundation are good tools to manage the market and will help the market run smoothly.